BlackBerry Investor Presentation

Q2 FY’21

BlackBerry Public

investorinfo@blackberry.com

SAFE HARBOR STATEMENT

Some of the statements we'll be making today constitute forward-looking statements and are made pursuant to the safe

harbor provisions of applicable U.S. and Canadian securities laws.

We'll indicate forward-looking statements by using words such as expect, will, should, model, intend, believe and similar

expressions. Forward-looking statements are based on estimates and assumptions made by the company in light of its

experience and its perception of historical trends, current conditions and expected future developments as well as other

factors that the company believes are relevant.

Many factors could cause the company's actual results or performance to differ materially from those expressed or

implied by the forward-looking statements, including the risk factors that are discussed in the company's annual report on

Form 10-K and in our MD&A.

You should not place undue reliance on the company's forward-looking statements. The company has no intention and

undertakes no obligation to update or revise any forward-looking statements, except as required by law.

This presentation includes certain non-GAAP measures. We believe that these non-GAAP measures, which may be

defined differently by other companies, explain our results of operations in a manner that allows for a more complete

understanding of the underlying trends in our business. However, these measures should not be viewed as a substitute

for those determined in accordance with GAAP. For a reconciliation between the non-GAAP measures used in this

presentation and our GAAP results, please see our Q2 Fiscal 2021 earnings press release and supplement available

through our website and on EDGAR and SEDAR.

A new hacking attempt

every 39 seconds

300% increase in

cybercrimes during

COVID-19

76% of enterprises

have been victims of

phishing attacks

97% of cyberattacks

are through the

endpoint

Over 50% of IoT

endpoints have been

attacked

60% of enterprises

have been victims of

IoT attacks

67B connected

endpoints by 2025

24,000 malicious third-

party apps every day

Human error is the

cause of 90% of data

breaches

79% of employees use

security workarounds

100M pieces of

malware are released

every year

1M security alerts are

seen daily by over a

quarter of security teams

4M+ cybersecurity

skills gap globally

Over 6K vendors

creating point-to-point

security gaps

90% of cyberattacks

go unreported

30% of employees have

opened a phishing email 70% of companies

allow BYOD

Source: Frost & Sullivan, 2020

BlackBerry®

secures 96%+ of the

enterprise threat

landscape

Q2 FY21 Financial Summary

1. See appendix for detail and reconciliation of non-GAAP measures to US GAAP

2. See Form 10-Q for definitions of key metrics

$266MNon-GAAP

Revenue1

$0.11

Non-GAAP

Earnings per Share1

$977M

Total ending

Cash & Investments

92%

Dollar-Based Net

Retention Rate2

Adjusted

EBITDA1,2

$81M~90%Recurring Non-GAAP

Software Product

Revenue1,2

$486M

Annual Recurring

Revenue2

78%

Non-GAAP

Gross Margin1

%

$%$

$

BlackBerry® UEM

became only unified endpoint

management system approved

to be included on DoDIN

Approved Products List

(APL).

BlackBerry® QNX® technology

to be used by StradVision, in

ADAS and autonomous

vehicle systems from South

Korean automakers.

BlackBerry SecuSUITE® for

Government now used by 17

governments around the

globe.

BlackBerry QNX and Desay

SV Automotive together

developed the autonomous

driving domain controller for

Xpeng Motor’s new P7 high-

performance electric vehicle.

Partnerships with Vodafone,

Bell and TELUS.

TELUS will partner to sell

BlackBerry® AtHoc®, the most

secure critical event

management solution, across

Canada.

Customer wins for new

BlackBerry Spark® Suites,

continue to build, including:

• US Air Force

• UK Ministry of Defence

• Royal Canadian Mint

• Rolls Royce

• Lloyds Bank

Q2 FY21 Achievements

OUR AMBITION …

… CONCENTRATES ON

WORKING IN THESE

INDUSTRIES AND

CUSTOMERS …

… A MARKET FORECAST

TO REACH $38 BILLION USD

BY 2021 …

… THAT WILL REQUIRE THE

FOLLOWING CRITICAL

DIGITAL CAPABILITIES …

… DELIVERED PRIMARILY

THROUGH THE FOLLOWING

ACTIONS.

Industries that require high-security mobility management, for endpoints

and information

BlackBerry will be the must-have software provider for endpoints – how they are built, secured,

managed, connected, and integrated via our open and OS agnostic ecosystem. BlackBerry will deliver a

“whole product” experience that helps organizations realize their digital transformation objectives with

the highest level of security, innovation and efficiency.

Data science and AI/ML algorithms

Leadership teams who want to transform their operations for the

digital age

OEM leadership teams who want to manufacture safety-certified

endpoints

Safety-certified, API-enabled endpoints Secured and managed endpoints Secure comms between any endpoints

End-to-end layered security

Developer SDKs and platform APIs

Cloud-first and on-prem deployment

Crowd-sourced data lake of endpoint telemetry

Zero-trust for unmatched security Zero-touch for maximum productivity Connectivity for one global community

BlackBerry’s Value Proposition

BlackBerry: An Internet of Things Market Leader

Notes: 1. FY20 non-GAAP revenue. 2. As of Q2’21 3. Non-GAAP. See appendix for detail and reconciliation to US GAAP 4. FY20 vs FY19 non-GAAP revenue

$1B+Cybersecurity

company1

500M+Endpoints protected2

38K+Patents and applications2

76% (+29 pts)

FY20 Gross Margin (and

improvement 2016–20)3

FY20 Operating Margin (and

improvement 2016–20)3

7% (+12 pts)

~90%Recurring software product

revenue2,3

26%Y/Y Software and

Services revenue growth3,4

175M+Cars protected by QNX2

Investment Highlights

Our mission is to enable security from IT to Internet of Things (IoT) in large, critical markets

Unique portfolio in a $38B TAM that is organically growing1

Zero-trust based platform for security and management of all endpoints and users

Combining next-generation AI with mobile, secure communications for IoT

Unrivaled, broad and diverse blue-chip customer base

7 of G7 governments,18 of G20 governments, 9/10 top automakers, 9/10 largest banks

Notes: 1. TAM based on market forecasts from Gartner, IDC, various other third-party sources and internal analyses.

2. Independent research from Frost & Sullivan. 3. Non-GAAP. See appendix for detail and reconciliation to GAAP.

Leading software platform for the automotive industry

Installed in over 175M cars across 45+ automakers

Transformed to a software-driven business with demonstrated operating leverage

~90% recurring software product revenue with 12 pts improvement in operating margin from

2016 to 20203

Positioned to secure all IoT endpoints for a comprehensive and scalable solution

Effectively secure upwards of 96% of all cyberthreats2

BlackBerry Has Undergone a Significant Shift in Business Model and Financial ProfileNotes: 1. Amounts shown are Non-GAAP. 2. Percentages are calculated on Non-GAAP revenue.

FY141

Revenue

(% YoY)

GM %2

Adjusted

EBITDA

%2

FCF

%2

M&A

$6.8B (38% decline)

36%

FY201

76%

$149M14%

$1.1B (20% increase)

$194M3%

($393M)(6%)

$14M1%

Business Transformation: From devices to software

BlackBerry’s Customers and Partners

Top-Tier Customers Top-Tier Partners

#/#

G20 GOVERNMENTS

18/20

#/#

TOP GLOBAL BANKS

9/10

TOP AUTOMAKERS

#/#9/10

UNIFIED ENDPOINT MANAGEMENT

BlackBerry® Intelligent Security. Everywhere.

Cloud &

Mobile First

Z E R O T R U S T

SECURITY SERVICESApps • AI Insights • Labs • Pro Serv

Common

Platform

Secure Internet

Gateway

Endpoint

Protection

Data Loss

Prevention

Continuous

Authentication

Endpoint Detection

& Response

Mobile Threat

Defense

UNIFIED ENDPOINT SECURITY

T R U S T E D I O T

SECURE EMBEDDED OSSECURE COMMUNICATIONS

BlackBerry’s Secure IoT Platform

MOBILE &

CLOUD FIRST

for secure, remote

business continuity

SCALE ACROSS

THE ENTIRE IOT

to address the

expanding landscape

ONE SOLUTION

for UEM & UES, to

simplify risks, complexity

& cost

INTELLIGENT

TECHNOLOGY

that evolves ahead of

your needs

BlackBerry SparkSolving the enterprise’s top priorities

BlackBerry QNXSecure embedded OS to secure the ‘edge’

Instrument

Clusters

ADAS,

Active Safety

Control

Systems

V2X

Digital

Cockpit

Acoustics Secure

Gateways

TelematicsComplex Domain

Controllers

Artificial Intelligence

Based Security

OTA Jarvis

Cloud

Services

Smart Home

Smart City

Traditional

Growth

Infotainment

BlackBerry Secure Communications Keeping you safe, secure and your data private

Strategic Priorities

FY21 and beyond – Focused on growth

Gain market share in both automotive

safety systems and other general

embedded markets

Close pipeline opportunities, grow

partnerships, and increase market

share in regulated industry verticals

Unlock synergies from integration of

UEM and Cylance and deliver on

Spark, our end-to-end, unified platform

for endpoint security and management

Successfully bring new product

innovations to marketDrive Professional Services

expansion

Goals

Recurring Software Product Revenue2 (%) ~90%

Gross Margin1 (%) ~80–85%

Operating Income1 (%) ~20–25%

Adjusted EBITDA1 (%) ~25–30%

Timeless Model Goals

1. See appendix for detail and reconciliation of non-GAAP measures to US GAAP

2. See Form 10-Q for definitions of key metrics

Opportunity For Long Term Growth

• Innovating and investing

in future categories

Long-Term Value

CreationCapture the Future

• Recurring revenue growth

• Efficient operating models

Increased Earnings Power

Greater Cash Flow GenerationScalable Financial Model

W E H AV E T H E R I G H T S T R AT E G Y, T H E R I G H T T E C H N O L O G Y

AN D AR E P L AY I N G I N T H E R I G H T M AR K E T S

• Investing in growth

• Opportunities to lead in

large markets

Sustainable Revenue

GrowthAccelerate Growth

Opportunities

Appendix – Q2 FY21 Financials

GAAP Income Statement ($M)Q1-20 Q2-20 Q3-20 Q4-20 FY 2020 Q1-21 Q2-21

Software & Services 168$ 168$ 185$ 170$ 691$ 148$ 151$

Licensing and Other 79 76 82 112 349 58 108

Total GAAP Revenue 247 244 267 282 1,040 206 259

Cost of Sales 70 68 69 70 277 63 60

Gross Profit 177 176 198 212 763 143 199

Research and Development 71 62 66 60 259 57 57

Selling, Marketing and Admin 121 130 129 113 493 90 79

Amortization 49 48 49 48 194 46 46

Impairment of Long-lived Assets - 2 3 5 10 - 21

Impairment of Goodwill - - - 22 22 594 -

Debentures Fair Value Adjustment (28) (23) (20) 5 (66) 1 18

Settlements, net - - - - - - -

Total Operating Expenses 213 219 227 253 912 788 221

GAAP Operating Income (Loss) (36) (43) (29) (41) (149) (645) (22)

Investment Income (Loss), Net 3 - (1) (1) 1 - (5)

Income (Loss) before Income Taxes (33) (43) (30) (42) (148) (645) (27)

Provision for (recovery of) income taxes 2 1 2 (1) 4 (9) (4)

GAAP Net Income (Loss) (35)$ (44)$ (32)$ (41)$ (152)$ (636)$ (23)$

Earning (Loss) per Share Basic (0.06)$ (0.08)$ (0.06)$ (0.07)$ (0.27)$ (1.14)$ (0.04)$

Earning (Loss) per Share Diluted (0.09)$ (0.10)$ (0.07)$ (0.07)$ (0.32)$ (1.14)$ (0.04)$

Weighted-average number of common shares outstanding

Basic 551,845 552,343 554,585 556,668 553,861 557,839 558,882

Diluted 612,345 612,843 615,085 556,668 614,361 557,839 558,882

Non-GAAP Reconciliation ($M)Non-GAAP Adjustments (Pre-Tax and After-Tax) Q1-20 Q2-20 Q3-20 Q4-20 FY 2020 Q1-21 Q2-21

Debentures Fair Value Adjustment (28) (23) (20) 5 (66) 1 18

Restructuring Charges 1 1 7 1 10 1 1

Software Deferred Revenue Acquired 20 17 13 9 59 8 7

Software Deferred Commission Acquired (5) (4) (4) (3) (16) (3) (3)

Stock Compensation Expense 17 14 15 17 63 14 9

Acquired Intangible Amortization 35 36 35 35 141 33 32

Business Acquisition and Integration Costs 1 2 - 1 4 - -

Settlements, net - - - - - - -

Goodwill Impairment Charge - - - 22 22 594 -

LLA Impairment Charge - 2 3 5 10 - 21

Acquisition income tax recoveries (1) - - - (1) - -

Total Non-GAAP Adjustment (Pre-Tax and After-Tax) 40$ 45$ 49$ 92$ 226$ 648$ 85$

GAAP to non-GAAP Gross Profit Q1-20 Q2-20 Q3-20 Q4-20 FY 2020 Q1-21 Q2-21

GAAP Revenue 247$ 244$ 267$ 282$ 1,040$ 206$ 259$

Software Deferred Revenue Acquired 20 17 13 9 59 8 7

Non-GAAP Revenue 267 261 280 291 1,099 214 266

GAAP Cost of Sales 70 68 69 70 277 63 60

Non-GAAP Adjustments to Cost of Sales (2) (2) (4) (2) (10) (2) (1)

Non-GAAP Cost of Sales 68 66 65 68 267 61 59

Non-GAAP Gross Profit 199 195 215 223 832 153 207

Non-GAAP Reconciliation ($M) (Cont.)

Non-GAAP Revenue, non-GAAP Loss Before Income Taxes, non-GAAP Net Loss, non-GAAP Gross Profit, Adjusted EBITDA, and non-GAAP Loss Per Share do not have a

standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of

these non-GAAP measures enables the Company and its shareholders to better assess the Company's operating results relative to its operating results in prior periods and

improves the comparability of the information presented. This non-GAAP information should not be considered as a substitute for, or superior to, measures of financial

performance prepared in accordance with GAAP. You are encouraged to review the Company's filings on SEDAR and EDGAR. The company makes no commitment to update

the information above subsequently.

Adjusted EBITDA Q1-20 Q2-20 Q3-20 Q4-20 FY 2020 Q1-21 Q2-21

GAAP Operating Income (Loss) (36)$ (43)$ (29)$ (41)$ (149)$ (645)$ (22)$

Non-GAAP Adjustments to Operating Income 41 45 49 92 227 648 85

Non-GAAP Operating Income 5 2 20 51 78 3 63

Amortization 53 54 53 52 212 50 50

Acquired Amortization Intangibles (35) (36) (35) (35) (141) (33) (32)

Adjusted EBITDA 23 20 38 68 149 20 81

Reconciliation from GAAP Net Income (Loss) to Non-GAAP

Net Income and Non-GAAP Earnings per Share Q1-20 Q2-20 Q3-20 Q4-20 FY 2020 Q1-21 Q2-21

GAAP Net Income (Loss) (35)$ (44)$ (32)$ (41)$ (152)$ (636)$ (23)$

Total Non-GAAP Adjustment (After-Tax) 40 45 49 92 226 648 85

Non-GAAP Net Income (Loss) 5 1 17 51 74 12 62

Non-GAAP Basic Earning (Loss) per Share 0.01$ 0.00$ 0.03$ 0.09$ 0.13$ 0.02$ 0.11$

Shares outstanding for Non-GAAP income (loss) per

share reconciliation ('000) 551,845 552,343 554,585 556,668 553,861 557,839 558,882

Amortization And Reconciliation Details ($M)

The information above is supplied to provide meaningful supplemental information regarding the Company's operating results because such information excludes amounts that

are not necessarily related to its operating results. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to

better assess the Company's operating results relative to its operating results in prior periods and improves the comparability of the information presented. This non-GAAP

information should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. You are encouraged to review the

Company's filings on SEDAR and EDGAR. The company makes no commitment to update the information above subsequently.

Restructuring Charges Details (Pre-Tax) Q1-20 Q2-20 Q3-20 Q4-20 FY 2020 Q1-21 Q2-21

Cost of Sales 1$ 1$ 3$ -$ 5$ -$ -$

Research and Development - - - - - - -

Selling, Marketing and Administration - - 4 1 5 1 1

Total Restructuring Charges 1$ 1$ 7$ 1$ 10$ 1$ 1$

Amortization of Intangibles and PP&E Details Q1-20 Q2-20 Q3-20 Q4-20 FY 2020 Q1-21 Q2-21

Cost of Sales Amortization

Property, Plant and Equipment 1$ 2$ 1$ 2$ 6$ 1$ 1$

Intangibles Assets 3 4 3 2 12 3 3

Total in Cost of Sales 4 6 4 4 18 4 4

Operating Expenses Amortization

Property, Plant and Equipment 5$ 4$ 5$ 4$ 18$ 4$ 5$

Intangibles Assets 44 44 44 44 176 42 41

Total in Operating Expenses Amortization 49 48 49 48 194 46 46

Total Amortization

Property, Plant and Equipment 6$ 6$ 6$ 6$ 24$ 5$ 6$

Intangibles Assets 47 48 47 46 188 45 44

Total Amortization 53 54 53 52 212 50 50